RBI Likely to Hike Repo Rate 25 bps to 5.5%

A Moneycontrol poll of 19 economists shows a majority expect the RBI to raise the repo rate by 25 basis points to 5.5% at its October 5-7 meeting, the first hike since February 2023. Rising crude oil prices, elevated global bond yields, and a weakening rupee are fueling inflation risks. The RBI may retain its inflation and growth forecasts.